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Week In Focus: highlights include US/China Meeting, Chinese Retail Sales/Industrial Output, FOMC, BoE, BoJ, Norges and Quad Witching
SUN: German Regional State ElectionsMON: Chinese Retail Sales and Industrial Output (Feb); Eurogroup MeetingTUE: RBA Minutes (Feb); German ZEW Survey (Mar); US Retail Sales (Feb); Japanese Trade Balance (Feb)WED: FOMC Policy Announcement; BCB Policy Announcement; EZ Final CPI (Feb); Canadian CPI (Fe
READ STORY[PODCAST] European Open Rundown 15th March 2021
Asian equity markets traded mixed with the region tentative heading into this week's plethora of central bank announcementsChinese activity data showed a larger than expected increase in Industrial Production and Retail Sales; supported by base effectsThis week’s high-level meeting between the US an
READ STORY[PODCAST] US Open Rundown 12th March 2021
Equity indices are softer this morning in Europe as are US futures, ES -0.6%, NQ -1.8%, as tech pulls back from yesterday's gains with yields gaining groundPressure in the space has been evidenced since the European cash open as US 10yr yields advanced to 1.6140% session highs thus far; elevating th
READ STORY[PODCAST] European Open Rundown 12th March 2021
Asian equity markets mostly took impetus from the gains on Wall Street where the S&P 500 and the DJIA notched fresh record highs, Nasdaq outperformedUS President Biden signed the USD 1.9tln COVID-19 relief bill, as expected. Direct deposits could be received by US citizens this weekendUS State D
READ STORY[PODCAST] US Open Rundown 11th March 2021
European bourses are somewhat mixed after dipping post-open while US futures are firmer with the NQ +1.8% outperformingFX features a subdued USD to the benefit of major peers while UST 10yr yields dip below 1.50% but EZ counterparts are now largely unchanged retracing earlier actionDanish Health Aut
READ STORY[PODCAST] European Open Rundown 11th March 2021
Asia-Pac bourses traded mostly positive as the region built upon the somewhat mixed performance statesideThe DJIA posted fresh record highs whilst tech suffered from a continued rotation into valueECB draft forecasts assume only a fleeting jump in inflation and that savings will not fuel a spending
READ STORY[PODCAST] US Open Rundown 10th March 2021
Indices are mixed but largely contained on the session with US futures mixed and somewhat pressured ahead of US' arrival and as yields err higher with focus on CPI later; ES -0.1%DXY briefly dipped below 92.00 but has since regained the figure with peers a touch softer but rangeboundThe USD 1.9tln r
READ STORY[PODCAST] European Open Rundown 10th March 2021
Asia-Pac markets traded with a slight positive bias following on from the gains on Wall Street where stocks were led higher by an aggressive resurgence in techThe Nasdaq 100 surged higher by over 4% for its largest gain since November with advances also facilitated by an easing of yieldsChinese infl
READ STORY[PODCAST] US Open Rundown 9th March 2021
European indices are firmer across the board, Euro Stoxx 50 +0.5%, though US futures outperform with the Nasdaq +2.4% recuperating some of yesterday's lossesAPAC markets were mixed with China pressured but derived short-lived support from reports that state funds were said to purchase domestic equit
READ STORY[PODCAST] European Open Rundown 9th March 2021
Asian equity markets traded choppy following the mixed lead from Wall St where the DJIA outperformed to post a fresh record highThe Nasdaq 100 slumped by nearly 3% amid a heavy rotation out of tech and into valueIn FX, the DXY maintained a footing above 92.00, EUR/USD sits above 1.1850 and GBP/USD m
READ STORY[PODCAST] US Open Rundown 8th March 2021
European indices are firmer, Euro Stoxx 50 +0.9%, while US futures remain hindered amid tech underperformance, ES -0.6% & NQ -1.5%Brent surpassed the USD 70/bbl mark (high USD 71.38/bbl) following a Houthi attack on a Saudi oil yard, though the benchmarks have retraced this and are now negativeT
READ STORY[PODCAST] European Open Rundown 8th March 2021
Asian equity markets eventually traded mostly lower as underperformance in tech sapped the early momentum from stimulus progressThe US Senate passed the USD 1.9tln COVID-19 relief bill. The House is set to vote on the bill on TuesdayChinese trade data showed February YTD exports surged by 60.6% Y/Y
READ STORY[PODCAST] US Open Rundown 5th March 2021
European equity indices have been somewhat choppy within ranges printing a slightly mixed performance while US futures are contained but erring higherDXY strengthens post-Powell to the detriment of peers though yields are steady but at comparatively elevated levels pre-NFPCrude surges after the OPEC
READ STORY[PODCAST] European Open Rundown 5th March 2021
Asia-Pac bourses extended on recent declines amid spillover selling from the US where tech took the brunt again and the bond rout persistedFed Chair Powell stuck to a dovish script and noted that that the current stance is appropriate which came as a disappointment for those awaiting commentary on S
READ STORY[PODCAST] US Open Rundown 4th March 2021
European equity indices & US futures are negative with RTY the underperformer, -1.0%DXY strengthens pre-Powell to the detriment of peers who reside predominantly negativeCrude has been tempered ahead of the OPEC+ confab whilst precious metals trade lacklustreWHO said COVID infection rates have r
READ STORY[PODCAST] European Open Rundown 4th March 2021
Asian equity markets declined across the board as the region followed suit from the losses on Wall StUS tech stocks underperformed and sentiment was pressured by a resumption of rising yieldsThe DXY held on to most of yesterday's gains around 91.00, EUR/USD oscillated around 1.2150, GBP/USD remains
READ STORY[PODCAST] US Open Rundown 3rd March 2021
European equity indices & US futures are firmer with RTY the outperformer, +1.2% & DAX cash printed record highsDXY is choppy with peers mixed at present and USD/JPY nearing 107.00 while GBP is erring higher pre-budget (12:30GMT/07:30EST)ECB sources state no need for drastic action to curb a
READ STORY[PODCAST] European Open Rundown 3rd March 2021
An improved mood was observed in Asia as equity markets shrugged off the weak handover from Wall StreetMajor US indices declined as tech lagged again with regulatory concerns also adding to the selling pressureChinese Caixin Services PMI printed its lowest reading since April last yearIn FX, the DXY
READ STORY[PODCAST] US Open Rundown 2nd March 2021
European equity indices stabilise but US futures are softer with RTY the underperformer, -0.9%The DXY has seen upside to the modest detriment of major peers, though off highs/lows respectively, while yields continue to consolidateEZ CPI was as expected whilst Germany will reportedly extend its lockd
READ STORY[PODCAST] European Open Rundown 2nd March 2021
Asian equity markets whipsawed as risk momentum gradually waned despite the region initially taking impetus from the rally on Wall StAll major US indices notched substantial gains with the S&P 500 posting its best performance in almost nine monthsThe US will examine how the Treasury, Commerce De
READ STORY[PODCAST] US Open Rundown 1st March 2021
European equity indices and US futures are firmer on the session with RTY the outperformer, +2.0%DXY has seen upside & hovers around the 91.00 handle, with lower-yield peers underperforming while US 10yr yields stabiliseJohnson & Johnson's COVID-19 single-dose vaccine has received approval f
READ STORY[PODCAST] European Open Rundown 1st March 2021
Asian equities saw a recovery from Friday's losses alongside a rebound in bond markets; US 10yr yield currently ~1.40%Johnson & Johnson's COVID-19 single-dose vaccine has received approval from US authoritiesChinese Official Manufacturing PMI and Caixin Manufacturing PMI missed expectations but
READ STORY[PODCAST] US Open Rundown 26th February 2021
European equities pressured. US futures softer, but to a lesser extent; E-mini S&P -0.1%DXY has seen upside and resides near best levels after surmounting 90.50, to the detriment of its broader peersUS President Biden's USD 15/hr minimum wage proposal was ruled out of order for the Senate relief
READ STORY[PODCAST] European Open Rundown 26th February 2021
Asia-Pac stocks slumped after reacting to the sell-off on Wall St amid a global bond rout and surge in yieldsFed speakers once again provided very little pushback to the rising yield environment; US 10yr breached 1.6% yesterdayIn FX markets, the DXY remains firmer but retreated marginally alongside
READ STORY[PODCAST] US Open Rundown 25th February 2021
European equity indices were firmer across the board but are now a touch mixed in-fitting with US equity futures where the NQ is underperforming, -0.9%DXY has seen downside and resides at its lowest level just maintaining 89.70 to the benefit of its broader peers though JPY remains hindered given ra
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